Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Barrick Gold Corp.    ABX   CA0679011084

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Barrick Says Access to Peru Mine Blocked by Residents

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/22/2013 | 12:41am CET
By Ryan Dube 

LIMA, Peru--Canada's Barrick Gold Corp. (ABX, ABX.T), the world's largest gold producer by output, said Thursday that a group of about 200 people have set up blockades to its Lagunas Norte mine in northern Peru over demands for jobs and development projects.

A spokesman from Barrick's office in Lima said the mine is continuing to operate as normal. "For the moment, neither production nor other operations have been affected," the spokesman said.

Last year, Barrick temporarily halted operations at its Pierina mine in Peru after one person was killed in a clash between nearby residents and police. The residents had set up blockades to the mine to pressure the company for investments in local water projects.

The spokesman said that residents blocking access to the Lagunas Norte mine want the company to take part in talks on Friday with local government representatives.

Lagunas Norte produced 210,000 ounces of gold in the fourth quarter and is expected to produce 560,000 ounces to 600,000 ounces of gold this year.

The mining sector has been at the center of several violent disputes between rural, Andean communities and police over the past few years, often over environmental issues. Projects being developed by Newmont Mining Corp. (>> Newmont Mining Corp), Southern Copper Corp. (>> Southern Copper Corp) and Candente Copper Corp. (DNT.T) have been targeted.

Peru is a major global producer of base and precious metals.

Write to Ryan Dube at ryan.dube@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Newmont Mining Corp, Southern Copper Corp
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BARRICK GOLD CORP.
12/02 BARRICK GOLD CORPORATION : - Barrick Announces Final Results and Settlement of $..
12/02 BARRICK GOLD CORPORATION : - Barrick Announces Pricing for Debt Tender Offer
12/02 BARRICK GOLD : Announces Final Results and Settlement of $650 Million Debt Tende..
12/01 OROSUR MINING : Appoints New Operations And Finances Chiefs
11/30 BARRICK GOLD : Minjar Gold May Acquire Stake in Kalgoorlie Mine from Barrick Gol..
11/28 BARRICK GOLD CORP. : ex-dividend day
11/24 BARRICK GOLD : Minjar Gold Offers to Buy Kalgoorlie Super Pit at USD1.3bn
11/22 BARRICK GOLD : and NOVAGOLD Announce the Appointment of Andy Cole as General Man..
11/21 BARRICK GOLD : Announces Pricing for Debt Tender Offer
11/19 THE LATEST : Police: Victims of medical flight crash ID'd
More news
Sector news : Gold Mining
11/29 Saudi king showcases mining hub in push to move beyond oil
11/18DJRANDGOLD RESOURCES : Newcrest Enter JV to Explore for Gold in Ivory Coast
11/11 FTSE falls as EM-exposed stocks weigh
11/09 FTSE recovers from Trump shock to hit one-week high
11/09 Factbox - Top winners and losers among Asian stocks after U.S. election
More sector news : Gold Mining
News from SeekingAlpha
12/02 Miners enjoy bounce in precious metals
12/01 Freeport-McMoRan Inc. - The Go-To Copper Investment Vehicle
11/30 Goldcorp outshines Barrick and Newmont amid lower gold prices, analyst says
11/29 Unlike Gold, Gold Miners Find Support
11/29 Top 5 Gold Junior Takeover Targets For 2017
Advertisement
Financials ($)
Sales 2016 8 616 M
EBIT 2016 2 537 M
Net income 2016 445 M
Debt 2016 6 314 M
Yield 2016 0,62%
P/E ratio 2016 27,86
P/E ratio 2017 14,70
EV / Sales 2016 2,85x
EV / Sales 2017 2,61x
Capitalization 18 246 M
More Financials
Chart BARRICK GOLD CORP.
Duration : Period :
Barrick Gold Corp. Technical Analysis Chart | ABX | CA0679011084 | 4-Traders
Full-screen chart
Technical analysis trends BARRICK GOLD CORP.
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 21,8 $
Spread / Average Target 40%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kelvin Dushnisky President & Non-Independent Director
John Lawson Thornton Non-Independent Chairman
Richard J. Williams Chief Operating Officer
Catherine P. Raw Chief Financial Officer & Executive Vice President
Basie Maree Chief Technical Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BARRICK GOLD CORP.94.30%18 246
NEWMONT MINING CORP80.32%17 823
SAUDI ARABIAN MINING C..--.--%12 431
NEWCREST MINING LIMITE..46.34%10 768
SHANDONG GOLD MINING C..84.52%10 474
AGNICO EAGLE MINES LTD45.64%9 253
More Results